Monthly Archives: August 2018

ECX Recognized Wegagen Bank for Top Performance

ECX Recognized Wegagen Bank for Top Performance

August 2, 2018: Addis Ababa;

Wegagen Bank has received a trophy and certificate from ECX (Ethiopian Commodity Exchange) for standing third in clearing the largest amount of settlements among all clearing banks during the course of the past ten years.

Wegagen has earned the award and the certificate of recognition on the occasion of the 10th Anniversary of ECX for its outstanding contribution in building modern trading system and clearing over Birr 23 billion since joining the platform as a clearing Bank. Wegagen Bank’s Accounts and Reconciliation Director, Kindie Abebe, received the award on behalf of the Bank on July 28, 2018.

We would like to extend our utmost gratitude to our esteemed customers for choosing to work with us and congratulate the entire Wegagen family, the Board of Directors, Executive Management and employees, for this outstanding achievement.

Wegagen Donates Birr 25 Million for Displaced People

August 1, 2018

Wegagen Bank donated Birr 23 million in the 2017/18 fiscal year to various regional governments to support their effort in the rehabilitation of internally displaced people. In a similar development, the Bank granted Birr two million to strengthen the effort to control and eradicate the American Army weed or locally known as “Emboch” which has infested the Lake Tana threatening the livelihood of thousands of farmers.

The Donations were made to support the efforts being exerted to rehabilitate internally displaced people following communal conflicts mainly in Oromia and Ethio-Somali regions and SNNP and Oromia regions. The donations cheques have been handed over to corresponding authorities in Oromia, Ethio-Somali and SNNP regions in various events in the presence of high ranking regional government officials and the Bank’s executives.

Over the past 21 years, the Bank has been responsive to the calls of the government of Ethiopia and regional governments during the times of natural and man made disasters extending its support morally and financially. As part of discharging its corporate social responsibility the Bank allocates budget regularly to address various social and environmental challenges faced by various communities.